Under the new tax regime, the government has also introduced new tax slabs, lowering the tax burden on middle-income earners.

The Budget 2025 brings major tax relief for the middle class, making the new tax regime more attractive. From higher exemptions to simplified compliance, the reforms aim to boost savings, investment, ...

The GST Council, chaired by Sitharaman and comprising her state counterparts, has set up a group of ministers (GoM) to ...

The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Currently, Goods and Services Tax ...

Addressing industry leaders at the Open House with FM event in Delhi, Sitharaman outlined three key requests to corporate ...

Finance Minister Nirmala Sitharaman announced zero tax for individuals earning up to Rs 12 lakh in Budget 2025, with marginal ...

Finance Minister Nirmala Sitharaman’s ₹12 lakh tax rebate announcement sparked online debates. While memes flooded X, a viral ...

With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax ...

What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

Fiscal consolidation glide path is maintained with the Union Budget and tax cuts should spur discretionary consumption ...

The government provides a Rs 75,000 standard deduction in the new tax regime benefiting salaried individuals and pensioner by ...